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Financial News: Romania Q2 GDP Growth Revised Up

Romania Q2 GDP Growth Revised Up

10/10/2017 - 06:27:00 (RTTNews)

(RTTNews) - Romania's economic growth moderated less than initially estimated in the three months ended June, latest figures from the National Institute of Statistics showed Tuesday.

Gross domestic product advanced a seasonally adjusted 1.7 percent sequentially in the second quarter instead of a 1.6 percent rise reported earlier. This was followed by a 1.8 percent growth in the first quarter.

On a yearly basis, GDP expanded at a faster pace of 5.9 percent in the June quarter, after a 5.7 percent gain in the March quarter. The second quarter figure was revised up from 5.7 percent.

Without adjustment, the annual economic growth improved to 6.1 percent from 5.7 percent. The previous estimate for the June quarter was 5.9 percent.

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